Swing-Trading.com Stock Picks for Feb 9, 09
(X) - buy
United States Steel Corp, says 500 employees opt to retire early, which will save the Co $50 million a year.
(GMXR) - buy
With plans to increase production by 98% during 2009 accompanied by the rising price of Crude Oil, look for a steady rise in the price per share of GMX Resources.
(EMR) - short
Emerson Electric Co, to cut up to 14,000 jobs. Earlier last week, Co cut its full-year profit forecast and said 2009 sales could decline by up to 8 percent from last year's levels, citing recent order patterns.
(BXP) - short
Boston Properties Inc, an owner and developer of office buildings in key U.S. cities, said it was suspending development of a Manhattan skyscraper after a potential major tenant backed out.
(UBS) - short
Credit Suisse, on Sunday reported a loss of $25 billion. Co is also planning to cut 5,000 to 8,000 jobs.
